Looking for Lincoln Wheat penny values can be tricky because many of the price guides that are available online offer confusing information about what a coin might fetch based on its physical condition.
The 1944 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins. Type: Wheat Penny Year: 1944 Face Value: $0.01 Composition: 95% copper, 5% zinc Total Weight: 3.11 grams. The US minted the 1944 wheat penny with no mint mark and also the 1944 D wheat penny and 1944 S wheat penny.
All too often, online pricing info is tailored to what a “perfect” coin might be worth. That's definitely exciting if you’ve got, say, a 1941 Lincoln cent that “could be” worth $1,000 or $5,000 in pristine condition. But what is a well-worn example from pocket change worth in reality? That’s quite a different story. . .
First, The Bad News. . .
If you’ve come to this page hoping that Lincoln Wheat cent you’ve pulled out of your pocket change is going to pay off your car or help put your kids through college, you might want to be sitting down. Unfortunately, the vast majority of Lincoln Wheat pennies found in circulation, inherited folder collections, or in jars of old coins are worth less than 10 cents apiece.
In fact, with the exceptions of major errors and varieties, no Lincoln wheat penny struck after 1933 is worth more than 10 cents in worn condition, and most are worth only 2 or 3 cents. Well-worn 1943 steel pennies often trade for 5 to 10 cents apiece in well-worn condition. But chances are any of the Lincoln Wheat cents you’ve found in pocket change are going to be worth only a small amount over face value.
Now, The Good News!
While most worn, common-date Lincoln Wheat pennies aren’t worth more than 10 cents, there are many Lincoln Wheat cents that are worth much more, and by quite a bit. There are four major regular-issue key dates in the series and several valuable semi-key dates, varieties, and errors, too.
Key Date Wheat Pennies
- 1944 Steel Wheat Penny. CoinTrackers.com has estimated the 1944 Steel Wheat Penny value at an average of $77234, one in certified mint state (MS+) could be worth $110,334.
- This is a fairly reliable test, and if you find that you have the elusive 1944 steel wheat penny, you have something with significant value. Weigh the 1944 Penny. You will need a scale that goes to tenths of grams to use the weight to find out which penny you have. When you weigh the penny, if it weighs 3.11 grams, it is a copper penny.
- USA Coin Book Estimated Value of 1944-S Lincoln Wheat Penny (Steel Cent Variety) is Worth $380,303 in Average Condition and can be Worth $705,710 to $1,057,179 or more in Uncirculated (MS+) Mint Condition.
- 1944 wheat penny worth a million dollars. 1944 wheat penny worth a million dollars. 1944 wheat penny worth a million dollars.
The major Lincoln Wheat cent key dates include:
- 1909-S VDB
Important semi-key dates are:
- 1909 VDB
Then there are the “better dates” (or “better issues”)—those that may not necessarily rise to the status of being a bona fide semi-key date but are nevertheless more valuable than the common dates. These include:
Finally, there are the varieties and errors, which constitute some of the most valuable Lincoln Wheat pennies in the series. These are not necessarily required for completing a set of Lincoln Wheat cents, yet many collectors pursue them anyway. Here’s a glance at the most widely collected, most popular errors and varieties and what they’re worth:
- 1909-S S Over Horizontal S
- 1917 Doubled Die
- 1922 No D
- 1922 Weak D
- 1943 Bronze
- 1943-D Doubled Mintmark
- 1944 Steel
- 1955 Doubled Die
Steel Wheat cent
What Are These Wheat Pennies Worth?
The chart below provides an approximate estimate on retail values for the Lincoln cents individually listed above. It also provides values for the Wheat penny date ranges not specifically mentioned above. Value breakdowns are for coins in average circulated (VG8 to VF20) condition and average uncirculated condition (MS62-MS64).
*Values above are for problem-free coins with no signs of damage, including holes, major gouges, scratches, or cleanings.
Collecting Lincoln Wheat Cents
The Lincoln penny is not just one of the most widely collected issues among all United States coinage, but it’s also one of the most familiar coins anywhere in the world. While the Lincoln Wheat cent is a long-obsolete coin that has been gradually disappearing from circulation over the past decades, it remains one of the first coin collectors begin searching for. Yet, even many of the most advanced collectors stick to collecting Lincoln cents throughout their lives.
A great many numismatists focus on studying and collecting Lincoln Wheat cents exclusively, in part because the series is so complex and lends to so many incredible finds. New discoveries are still being made among the Lincoln Wheat penny, including repunched mintmarks and other minor and major die varieties of varying significance.
Many collectors will build sets of Lincoln Wheat pennies using cardboard folders, deluxe albums, or museum-quality Lucite holders. Then there are the collectors who seek high-grade examples encapsulated by third-party coin grading firms and use these coins to build registry sets. But there is no right or wrong way to collect Lincoln pennies!
As Lincoln Wheat penny values range all over the price spectrum, the series offers something for just about everybody regardless of their income or collecting level. And, because of this, the Lincoln cent reigns to this day as one of the most versatile, beloved coin series and rightly claims a strong following of millions of collectors in the United States and around the globe.
Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.
More from the author:
If you're a coin collector, you've most likely got a 1944 wheat penny in your current collection. And like every collector, you want to know what it's worth. However long you've been collecting, you know those coins with fancy markings and misprints have got to be worth something.
So what is the value of a 1944 wheat penny, exactly? There are lots of factors to consider, which all tie into each other. But where to start?
If you're new to coin collecting, it's always best to learn about as much as possible, starting with the collecting itself.
Coin collecting as been around since the invention of coins themselves, dating all the way back to roughly 650 BC
Collections can range from just a specific type of currency, like quarters, to a plethora of coins from around the world. Free flaming hot slot.
The best way to begin collecting coins, if you don't already, is to inspect your pocket change closely. You never know what kind of neat coinage you might come across!
Another useful bit of information to have on hand is simply all the knowledge about coins themselves.
So whether you read about them, write about them, or simply study their anatomy and mint markings, you know you have the most valuable tool a coin collector can have -- your wits!
You might have come across one of these 1944 wheat pennies and may be wondering what it's worth. That is a semi-complicated answer because there isn't a single, simple answer.
Back in 1944, production figures for this penny were extremely high, and two billion Lincoln wheat pennies were made.
Manufacturers created these in all three mints that were in operation at the time. Those were the Philadelphia Mint (P), the Denver Mint (D), and the San Francisco Mint (S).
The 1944 wheat penny is somewhat common and can be sold for about 10 to 20 cents. However, uncirculated wheat pennies go for five or six dollars apiece. And pennies with missing letters or double stamping can have additional value depending on the market.
To determine the true value of your 1944 wheat penny, examining the coin itself closely is key. A good magnifying glass can help a great deal.
Now that you have your penny's value, you might want to cash in. But where do you start?
Well, you could start online, beginning with a website like eBay. Not only is this site tried and true, but it's easy to list anything you want, for just about any price.
You could also go a local route via a coin dealer. But in this technological day and age, many find them unnecessary. And then there's the fact that there could be some dishonest dealers out there.
Now, we're not saying that all coin dealers are just waiting to swindle people out of their money. But what we are saying is that when visiting these shops, play it safe and know what you have.
If you're looking to add to your collection rather than sell your 1944 wheat penny, you want it to fit in with your collection. And if you're new to collecting, you'll want tips on how to display your newfound treasure.
Sure, they make displays for quarters from the states, and shelves are nice, but if you're looking to keep your coin in top condition, you want something to protect it.
So while keeping it protected might mean it's tucked away, it may just be worth it in the long run.
Another excellent way to display coins is to organize them by year, shape, mint, state, or country -- depending on the coins you're displaying.
But remember that this is your collection. Do what looks best in your eyes.
With your penny either settled into your collection or listed online, now you have enough knowledge with you to take proper care of the coin. And that's wonderful news because you can now move on to documenting and pricing the rest of your collection.
Plus, now that you're all packed to the brim with knowledge on the 1944 wheat penny, you can display and sell as you please.
'In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.'
Harold S. Geneen
But remember, it doesn't matter what your coin is worth, really. After all, you can't put a price on your favorite hobby.
1944 Wheat Penny Value Coin Values
Where did you come across your 1944 wheat penny? Any other interesting specimens in your collection? Tell us about in the comments below!